Pan American SilverXSWX:PAAS 80 Debt-to-EBITDA is 0.27 as of Mar. 2026, which is 13% below its 10-year median of 0.31. GuruFocus rates XSWX:PAAS with a GF Score™ of 80/100 and a GF Value™ of CHF15.66. The stock has 3 warning signs investors should review. Among 591 Metals & Mining companies, Pan American Silver ranks better than 70.22% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for Pan American Silver's Debt-to-EBITDA or its related term are showing as below:
XSWX:PAAS'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.03 Med: 0.31 Max: 11.17
Current: 0.38
During the past 13 years, the highest Debt-to-EBITDA Ratio of Pan American Silver was 11.17. The lowest was 0.03. And the median was 0.31.
XSWX:PAAS's Debt-to-EBITDA is ranked better than 70.22% of 591
companies
in the Metals & Mining industry
Industry Median: 1.23
vs XSWX:PAAS: 0.38
Pan American Silver (XSWX:PAAS) Debt-to-EBITDA Explanation
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
Pan American Silver Debt-to-EBITDA Related Terms
Pan American Silver Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Pan American Silver's Debt-to-EBITDA can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Gold subindustry, Pan American Silver's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Pan American Silver Debt-to-EBITDA vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Pan American Silver's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Pan American Silver's Debt-to-EBITDA falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Mar. 2026) EBITDA data.
Pan American Silver (XSWX:PAAS) has a Debt-to-EBITDA of 0.27 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Pan American Silver. This is 13% below median its historical median of 0.31. Over the past decade, Pan American Silver's Debt-to-EBITDA has ranged from 0.03 to 11.17. According to the industry distribution chart, Pan American Silver ranks #176 out of 591 companies in the Metals & Mining industry, placing it in the top 29.8%.
Is Pan American Silver's Debt-to-EBITDA too high?
Pan American Silver's current Debt-to-EBITDA of 0.27 is 13% below median its 10-year median of 0.31. Over the past 10 years, this metric has ranged from a low of 0.03 to a high of 11.17. The Metals & Mining industry median Debt-to-EBITDA is 1.23. Pan American Silver's value of 0.27 is 78% below this industry median. Based on the distribution chart, Pan American Silver ranks #176 out of 591 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Pan American Silver has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does Pan American Silver's Debt-to-EBITDA compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Pan American Silver ranks #176 out of 591 companies for Debt-to-EBITDA. This puts Pan American Silver in the upper half of its industry. The industry median Debt-to-EBITDA is 1.23. Pan American Silver's value of 0.27 is 78% below this benchmark. Historically, Pan American Silver's own Debt-to-EBITDA has ranged from 0.03 to 11.17 over the past decade. While the company's 10-year median is 0.31 vs. the industry median of 1.23, Pan American Silver has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a Metals & Mining company?
The median Debt-to-EBITDA among Metals & Mining companies is 1.23, based on 591 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Pan American Silver's current Debt-to-EBITDA of 0.27 is 78% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Pan American Silver. For the Metals & Mining industry, the median Debt-to-EBITDA is 1.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pan American Silver's current Debt-to-EBITDA is 0.27, which is 13% below median its own 10-year median of 0.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pan American Silver stock overvalued right now?
Pan American Silver (XSWX:PAAS) has a current Debt-to-EBITDA of 0.27. The stock's GF Value™ is CHF15.66, compared to a current price of CHF37.73 — trading 140.9% above its estimated fair value. The current Debt-to-EBITDA is 0.27, which is 13% below median its 10-year median of 0.31 and 78% below the Metals & Mining industry median of 1.23. Pan American Silver's overall GF Score™ is 80/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Pan American Silver (XSWX:PAAS), the current Debt-to-EBITDA is 0.27 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Pan American Silver (XSWX:PAAS) Overvalued in 2026?
Based on GuruFocus' analysis, Pan American Silver stock appears to be overvalued.
The current stock price of CHF37.73 is trading 140.9% above its estimated GF Value™ of CHF15.66.
Key valuation signals for XSWX:PAAS:
Debt-to-EBITDA: 0.27 (13% below median its 10-year median of 0.31)
GF Value™: CHF15.66 vs. price of CHF37.73 (140.9% above fair value)
Industry Position: 78% below the Metals & Mining median (#176 of 591)
No single metric tells the full story. See the XSWX:PAAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pan American Silver Corp is a mining company principally engaged in the operation and development of, and exploration for, silver and gold-producing properties and assets. The company's principal products are silver and gold, although it also produces and sells zinc, lead, and copper. Its operating mines comprise La Colorada, Dolores, Huaron, Morococha, Shahuindo, La Arena, Timmins West, Bell Creek, Manantial Espejo, and San Vicente mines.
80GF Score
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